Feds approve State Bank of LI acquisition

By: Claude Solnik July 27, 2011Comments Off on Feds approve State Bank of LI acquisition

Valley National Bancorp has received two crucial federal approvals to acquire State Bank of Long Island in a roughly $222 million deal, which could lead to a takeover of the 17-branch bank Long Island-based bank later this year.
The banks in a joint statement said the Office of the Comptroller of the Currency and the Federal ...